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PANW - Why Palo Alto Networks Stock Popped on Monday
Palo Alto Networks Inc.
2023-06-05 12:40:42 ET
Shares of Palo Alto Networks (NASDAQ: PANW) got a 5% bump Monday morning on the first trading day after it was announced that the stock will be joining the S&P 500 index.
S&P Dow Jones Indices announced Friday evening, after close of trading for the week, that before trading opens on Tuesday , satellite TV operator Dish Network (NASDAQ: DISH) will drop out of the S&P 500 index of America's largest companies and fall into the S&P SmallCap 600 index instead.